The following screen should appear on your iPad . Tap on Free then tap on Install

Safari can get stuck here for a few seconds and will automatically close .

You will now see the Cydia loading icon on HomeScreen . After the jailbreak process is done , you will be notified of successful jailbreak.

Restart the iPad for changes to take place

Find Cydia on your homescreen . Tap to launch [image below].

Things to remember :

Close any apps running in the background by opening the multitasking switcher menu . This is to avoid overuse of RAM during the jailbreak process . Go to Settings > Safari and clear your browser cache before doing the jailbreak.

Update : Here is the video of the exact process that you have to follow to jailbreak using JailbreakMe 3.0 .

You can now enjoy the awesome jailbreak apps and themes on your iPad 2 . Dont forget to share and Give us a Google +1 below .